(CITY): Decision to extend construction amnesty scheme applauded.

ISLAMABAD -- Former President ICCI Shahid Rasheed Butt on Monday lauded the decision of Prime Minister Imran Khan to extend construction amnesty scheme terming it a New Year's gift for this important industry.

The decision will trigger economic activity, provide jobs to millions and help offset the impact of coronavirus on the economy to some extent, he said. Shahid Rasheed Butt said that rising prices of steel bars, cement, paint, wires etc. is a threat to the construction sector which should be tackled without delay. He said that some builders and developers are misusing this scheme for their personal benefit which should be noticed.

The business leader noted that the move of the PM is widely hailed as it has generated positive results. Trillions of rupees of investments are coming to the construction sector while many stalled large projects in the private sector have been restarted.

However, he said, continued hike in the cost of...

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